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Category: Business

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What does Stan Kroenke’s takeover of Arsenal mean for the club?

Arsenal supporters have voiced fears about Stan Kroenke’s takeover – but are they right to be concerned? The first thing to note about Stan Kroenke’s takeover is that it cannot be stopped. The American already owns 67% and has secured an irrevocable co…

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Why Stan Kroenke’s sole ownership of Arsenal is worrying news for fans | Andrew Mangan

Once football clubs are bought, assets can be stripped or they can fall into disrepair – with nothing the fans can do to stop itFor some years now, Arsenal football club has been in an unusual ownership position. Two billionaires own 97.13% of the shar…

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Why Stan Kroenke’s sole ownership of Arsenal is worrying news for fans | Andrew Mangan

Once football clubs are bought, assets can be stripped or they can fall into disrepair – with nothing the fans can do to stop itFor some years now, Arsenal football club has been in an unusual ownership position. Two billionaires own 97.13% of the shar…

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Stan Kroenke makes £600m offer to buy ‘100% ownership’ of Arsenal

• Majority shareholder’s deal would value the club at £1.8bn• Ambition is ‘to compete consistently for Champions League’Arsenal’s majority shareholder Stan Kroenke has made a £600m offer to buy the whole of the Premier League club, which would take its…

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William Hill could close up to 900 betting shops after FOBT clampdown

Bookmaker posts £820m loss and warns crackdown will have long-term consequences William Hill could close up to 900 betting shops that it expects to become loss-making as a result of the UK government’s clampdown on fixed-odds betting terminals (FOBTs)….

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Eleven Sports: who is the new player in battle for sport broadcast rights?

Eleven Sports has already snapped up the US PGA, La Liga and Serie A rights as another new broadcaster enters the ever-changing TV sports landscapeWhen the new season arrives there will be some changes to get your head around. New players, new managers…

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Investment banks thought they were smart enough to predict the World Cup. They weren’t

It has become a tradition to make predictions using sophisticated AI and statistical modeling … but its track record falls flatPoor Mystic Marcus. The supposedly-prophetic pig who predicted that England would beat Croatia on Wednesday has been vilifi…

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Spread-betting firm to lose £30,000 after open goal on World Cup offer

Sporting Index accused of unfair play after limiting size of bets once it knew of errorSporting Index, the UK’s largest spread-betting firm, stands to lose tens of thousands of pounds to an avid high-stakes gambler after miscalculating a novelty World …

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Spread-betting firm to lose £30,000 after open goal on World Cup offer

Sporting Index accused of unfair play after limiting size of bets once it knew of errorSporting Index, the UK’s largest spread-betting firm, stands to lose tens of thousands of pounds to an avid high-stakes gambler after miscalculating a novelty World …

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Come on, England! The nation (and economy) depend on you | Letters

Readers look forward to the England football team’s World Cup quarter final match against SwedenAs a patriotic UK citizen, Labour supporter and resident of a north Midlands town hollowed out by deindustrialisation, I agree with much of what Larry Ellio…

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Waistcoat sales up as Gareth Southgate sets trend at World Cup

England manager is said to have sparked an increase in sales of formal wear For years football fans have been able to emulate the look of their idols with replica shirts, but this World Cup something different is happening: supporters are rushing to bu…

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Adidas and Nike go head to head at the World Cup. Who will win?

Adidas is sponsoring more teams than any other brand at the World Cup but Nike dominates when it comes to the boots the players will wearAdidas will celebrate 20 years as an official partner of Fifa on Thursday when the 2018 World Cup begins in Russia….

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Amazon launches its assault on sport coverage with tennis at Queen’s

• Fever-Tree Championships screened on Amazon Prime Video • US Open, ATP Tour and Premier League will also be shownSky’s decision to walk away from tennis next summer, after several years covering everything from the salad days of Tim Henman to the ris…

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Iran coach Queiroz demands apology as Nike refuse to supply World Cup boots

• ‘This arrogant conduct against 23 boys is absolutely ridiculous’• President Trump reimposed sanctions against Iran in MayThe Iran head coach, Carlos Queiroz, has demanded an apology from Nike after the US sportswear firm said it could not supply the …

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Aston Villa reach agreement with HMRC over £4m tax bill

• Villa pay £500,000 with £1.2m expected by the end of week• Xia admits it has been ‘a very difficult’ two weeksAston Villa have reached an agreement with Her Majesty’s Revenue and Customs over a £4m tax bill.The agreement will allow the club, who miss…

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Premier League big six win battle for larger share of overseas TV rights

• Some money paid according to league position from 2019-20• Compromise voted in at Premier League meeting on ThursdayThe so-called “big six” Premier League clubs have won their persistent battle to be paid a greater share of the league’s burgeoning in…

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Amazon breaks Premier League hold of Sky and BT with streaming deal

US online retailer will exclusively livestream 20 matches per season from 2019Amazon has broken Sky and BT’s stranglehold on Premier League football by striking a groundbreaking deal to livestream exclusive coverage of 20 matches per season online.The …

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Championship clubs feel the strain as financial gap to Premier League grows

• Accounts reveal 19 of 24 clubs made losses in 2016-17 season• TV revenue still tiny compared with latest Premier League dealThe Championship continues to be a financially punishing league, with 19 of the 24 clubs having made losses in 2016-17, accord…

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Premier League clubs soar into profit with record £4.5bn revenues

• 2016-17 accounts show 17 top-flight clubs making money• First year of new TV deal and new regulations fuel boomThe first year of the Premier League’s record £8.4bn television deals, combined with financial regulations aimed at preventing the bulk of …

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Crystal Palace threatened with being dissolved over late accounts

• Premier League club’s accounts more than two months late• Registrar threatens parent company with dissolutionCrystal Palace have been threatened with being dissolved and struck off the companies register, for being more than two months late filing th…